Jason Ryback

Today I came across an article on housingpredictor.com, if your looking for housing market to improve it wont happen in California anytime soon. Our economy is being battered every day with more job losses on the rise and that's causing foreclosures to rise. The number of people that are moving out of California continues to rise.

Here are some stats:
- 1 out of 10 homeowners will have mortgages two months or more past due by the end of the year, the highest number on record.
- More Option Arm and Alt-A resets are coming in 2009. This will cause hundreds of thousands of more foreclosures to hit the market.



The collapse of the housing market and the credit crunch has finally hit San Jose and the Silicon Valley. It took the longest in the state to hit this area but now San Jose home prices are falling and will continue to deflate at a forecast 19.2% average in 2009.


The city by the bay, San Francisco is not feeling the pain of the credit crisis. Home values are already averaging a 25% drop from the peak. Increasing deflation in home and condo prices is forecast to hit 17.6% in 2009.

Subprime and Alt A foreclosure's have hit Oakland in the East Bay. The hardest the state as seen. The market had a slight boost in sales but is still projected to remain slow in 2009. The average housing deflation is forecasted to be 18.2%

With the continue slide in the housing market foreclosures will be on the rise. If you are unsure what your options please contact Jason Ryback, A home loss prevention expert and Short Sale / REO specialist today at 510-274-3107 for a no-obligation free onsultation.


About Housing Predictor
For the full report please visit www.housingpredictor.com Housing Predictor is an independent real estate market forecasts for more than 250 cities in all 50 U.S. States and housing news.